Hedge Funds

UBS hires Bondurant for long/short move

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UBS Global Asset Management is aiming to strengthen its long/short line-up, an initiative underscored by the hire of former Morgan Stanley equity specialist Scott Bondurant.

Bondurant has been assigned to the newly created post of Capability Head for Long-Short Equity Products for the UBS asset management group. His efforts are expected to focus on creating and developing a series of long/short funds with an emphasis on U.S., European and Asian markets as well as globally diversified hedged products. Bondurant will be based in Chicago and will report to global head of equities Thomas Madsen.